Mid-Atlantic Finance and Accounting Roundtable: Lease Accounting and Navigating CECL

Registration Closed

Lease Accounting: Is Your Credit Union Ready?
After two separate one-year delays, the new lease standard will finally go into effect for periods beginning after Dec. 15, 2021. Many financial institutions will be impacted due to maintaining operating leases for branches or equipment. If your institution hasn’t already, now is the time to begin preparing. Join us to gain insight on:
• Core principles of the new lease standard, including identification, recognition, measurement, presentation, and disclosure requirements
• Best practices for related accounting processes and controls monitoring
• Financial statement impacts of new lease standard
• Common implementation questions
• Third-party vendor solutions

CECL: Navigating the New Model
The Current Expected Credit Losses (CECL) model is arguably the largest accounting change the financial institutions industry has seen in decade. The new model will have widespread implications on credit unions’ operations, allowance for loan and lease losses, and regulatory capital. Gain insight on what matters the most to navigate the CECL road ahead and put your institution on the fast-track to implementing CECL successfully, including:
• Overview of CECL and the differences between an incurred loss model and CECL
• Implications of the model on allowance for loan losses, and regulatory capital
• How an entity can estimate the allowance for credit losses using a WARM method
• Final standard transition rules and guidance
• Regulatory focus and resources

Bill Astrab

Shareholder

Doeren Mayhew

Bill Astrab is a Shareholder at Doeren Mayhew in the firm’s Financial Institutions Group. For more than 30 years, Bill has provided valuable auditing insight to financial institutions and their employee benefit plans.

Today, Bill helps lead the group’s audit and assurance services provided to the firm’s more than 350 credit unions and CUSO clients. Additionally, he is a member of the firm’s Employee Benefit Group, where he oversees employee benefit plan audits for 401(k) profit sharing and defined benefit pension plans.

Throughout his career, Bill has gained industry knowledge and experience working alongside credit unions in his previous leadership positions in public accounting firms, where he managed a diverse client base comprised primarily of credit unions, as well as non-profit organizations, benefit plans, and individual and corporate tax clients.

Stephen LaBarbera

Senior Manager

Doeren Mayhew

For 11 years, Stephen has provided audit and assurance services to credit unions and credit union service organizations. Leveraging his knowledge and expertise, built by leading opinion audits, as well as, by performing internal audit services for credit unions. Stephen serves as a year-round trusted advisor to many credit union clients.

Called on for his expertise by national, regional, and local technical and industry related associations. Stephen is a recognized speaker and author on a variety of credit union related topics.

Stephen has a knack for interpreting and advising his clients on critical accounting standard updates. Serving as a leader in Doeren Mayhew’s internal education programs, including the firm’s Audit and Accounting Committee, Stephen provides educational training to clients and co-workers alike on a wide range of accounting and auditing topics.